What is the state of the New York cannabis market? Earlier this week, the Office of Cannabis Management (OCM) approved regulations to boost the New York cannabis market. When New York first legalized cannabis in 2021, analysts expected a $4 billion market. Two years later, they’re generating a measly $12 million with only 20 legal stores. Compared to neighboring states, it’s clear the New York cannabis market is underperforming. But now the rules have changed. Regulators are now allowing multi-state […]
Category: new york legalization
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State-owned cannabis shops have a negative tone to veterans of the legacy market in many legal states as well as Canada. Small businesses are often swept out and replaced by big corporate buds. Countering this, New York plans to offer retail licenses to individuals with a cannabis conviction through a Social Equity Program. That is, […]
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